Tuesday, July 29, 2025

Equities close lower as earnings weigh; Fed statement on tap

Equities close lower as earnings weigh; Fed statement on tap

By Chuck Mikolajczak

Tue July 29, 2025 4:23 PM

A few major Q2 reports came in on the downside today and the whole market slid with the three indexes spending almost all day in the red, the Dow down 3-digits. UPS sinking over 10% after once again declining to report forecasts sent a challenging message of how badly the continuously changing trade policy is messing with the company and, by extension, the economy as a whole. Earnings are mixed and there hasn’t been enough positive economic data to move the needle with the Fed.  

However, the next two days will yield a much clearer picture as the Magnificent Seven reports come in and which will be sufficiently significant to either move the market up or down depending. Today’s good news is that 2/5 of the S&P has now reported with average profits being 6.4% above forecasts vs 6.3% average over the last four quarters. Consumer confidence has also increased but hiring has decreased pointing to a slowdown in the job market. Volume coming in at 18 billion was right in line with the average of 17.9 billion. 

DJ: 44,837.56  -64.36       NAS: 21,178.58  +70.27      S&P: 6,389.77  +1.13         7/28

DJ: 44,632.99  -204.57     NAS: 21,098.29  -80.29       S&P: 6,370.86  -18.91        7/29

Tue 7-29-25 4:23 pm Equities close lower as earnings weigh; Fed statement on tap | Reuters


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